J.W. Cole Advisors Inc. Increases Stock Holdings in Stem, Inc. (NYSE:STEM)

J.W. Cole Advisors Inc. lifted its position in Stem, Inc. (NYSE:STEMGet Rating) by 174.8% in the first quarter, HoldingsChannel reports. The firm owned 31,050 shares of the company’s stock after buying an additional 19,750 shares during the period. J.W. Cole Advisors Inc.’s holdings in Stem were worth $342,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Stem in the fourth quarter valued at about $49,000. Point72 Hong Kong Ltd purchased a new stake in shares of Stem in the first quarter valued at about $67,000. Daiwa Securities Group Inc. grew its holdings in shares of Stem by 45.8% in the first quarter. Daiwa Securities Group Inc. now owns 6,817 shares of the company’s stock valued at $75,000 after purchasing an additional 2,140 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Stem by 2,688.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,186 shares of the company’s stock valued at $98,000 after purchasing an additional 5,000 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of Stem by 56.7% in the first quarter. National Bank of Canada FI now owns 9,670 shares of the company’s stock valued at $106,000 after purchasing an additional 3,500 shares during the period. Hedge funds and other institutional investors own 52.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Northland Securities assumed coverage on shares of Stem in a report on Wednesday, September 7th. They issued an “outperform” rating and a $24.00 price objective for the company. Morgan Stanley increased their target price on shares of Stem from $13.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 18th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Stem presently has a consensus rating of “Moderate Buy” and an average price target of $21.71.

Insider Activity

In other news, insider Saul R. Laureles sold 14,125 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $15.00, for a total value of $211,875.00. Following the completion of the transaction, the insider now owns 16,453 shares of the company’s stock, valued at $246,795. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Saul R. Laureles sold 14,125 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $15.00, for a total value of $211,875.00. Following the sale, the insider now owns 16,453 shares of the company’s stock, valued at $246,795. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Eugene Carrington sold 28,570 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $8.92, for a total transaction of $254,844.40. Following the completion of the sale, the chief executive officer now directly owns 354,973 shares in the company, valued at approximately $3,166,359.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 815,314 shares of company stock valued at $12,554,750. 7.20% of the stock is currently owned by company insiders.

Stem Stock Performance

Shares of STEM stock opened at $16.05 on Wednesday. The company has a 50-day moving average of $13.34 and a two-hundred day moving average of $10.27. The company has a quick ratio of 2.12, a current ratio of 2.40 and a debt-to-equity ratio of 0.74. Stem, Inc. has a 1-year low of $5.72 and a 1-year high of $27.50.

Stem (NYSE:STEMGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.03). Stem had a net margin of 13.48% and a return on equity of 2.83%. The business had revenue of $66.95 million during the quarter, compared to analysts’ expectations of $59.96 million. Equities analysts anticipate that Stem, Inc. will post -0.67 earnings per share for the current fiscal year.

Stem Profile

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Stem, Inc operates as a digitally connected and intelligent energy storage network provider in the United States and internationally. It offers energy storage systems sourced from original equipment manufacturers (OEMs). The company also provides Athena, an artificial intelligence platform, which offers battery hardware and software-enabled services to operate the energy storage systems.

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Institutional Ownership by Quarter for Stem (NYSE:STEM)

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